Abbreviated Company Accounts - MARK NINE LIMITED

Registered Number 03862027

MARK NINE LIMITED

Abbreviated Accounts

31 October 2014

MARK NINE LIMITED Registered Number 03862027

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	7,078	9,437
		7,078	9,437
Current assets
Stocks		25,000	20,000
Debtors		3,810	11,040
Cash at bank and in hand		12,221	8,571
		41,031	39,611
Creditors: amounts falling due within one year		(56,649)	(65,379)
Net current assets (liabilities)		(15,618)	(25,768)
Total assets less current liabilities		(8,540)	(16,331)
Total net assets (liabilities)		(8,540)	(16,331)
Capital and reserves
Called up share capital		2	2
Profit and loss account		(8,542)	(16,333)
Shareholders' funds		(8,540)	(16,331)

For the year ending 31 October 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 July 2015

And signed on their behalf by:
A. Mimides, Director

MARK NINE LIMITED Registered Number 03862027

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during there year'.

Other accounting policies
Going Concern
As the company's total liabilities exceed its total assets it is dependent on continued financial support from the director in order to meet its liabilities as they fall due and to continue operating without the immediate realisation of all its assets. The director intends to honour his commitment to the company to provide the necessary level of funding to ensure the company's continuance on a "going concern" basis. In consequence, it is appropriate to prepare the accounts on a going concern basis. If continued funding were not to be made available, the going concern basis would be invalid and adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities which may arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

2Tangible fixed assets

	£
Cost
At 1 November 2013	83,745
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	83,745
Depreciation
At 1 November 2013	74,308
Charge for the year	2,359
On disposals	-
At 31 October 2014	76,667
Net book values
At 31 October 2014	7,078
At 31 October 2013	9,437